Form 4: ArcBest CEO Judy McReynolds Reports Changes in Beneficial Ownership
SEC Filing
Judy McReynolds, Chairman, President, and CEO of ArcBest Corp, reports changes in her beneficial ownership of company stock due to tax withholding and a transfer to a family trust.
Summary
- Judy R McReynolds, Chairman, President & CEO of ArcBest Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
- On May 11, 2024, 4,720 shares were disposed of to cover tax obligations at a price of $117.4 per share.
- On May 12, 2024, a further 17,512 shares were disposed of to cover tax obligations at a price of $117.4 per share.
- On May 14, 2024, 37,073 shares were transferred to the McReynolds 2005 Joint Trust, of which she is a co-trustee.
- Following these transactions, McReynolds directly owns 23,251 shares and indirectly owns 80,050.14 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/11/2024 | Disposal of 4,720 shares for tax obligations. |
| 05/12/2024 | Disposal of 17,512 shares for tax obligations. |
| 05/14/2024 | Transfer of 37,073 shares to the McReynolds 2005 Joint Trust. |
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